loss ratio

noun

, Insurance.

1. the ratio of the losses paid or accrued by an insurer to premiums earned, usually for a period of one year.

loss ratio

noun

1. the ratio of the annual losses sustained to the premiums received by an insurance company

Word History and Origins

Origin of loss ratio¹

First recorded in 1925–30

Example Sentences

The company's medical loss ratio for the quarter, the percentage of spend on claims compared to premiums collected, was 82.3%, compared with 81.6% last year.

From Reuters

Europe's fifth-largest insurer said it saw its overall catastrophe loss ratio for the first nine months around two percentage points above long-term trends.

From Reuters

Since 1996, 39 grounds have hosted 12 or more Tests, and none has produced a worse win:loss ratio for the toss-winning team than Brisbane.

From BBC

“This drop in loss ratio resulted in additional profits for insurance companies of about $700 million,’’ according to the letter signed by Glenn Kaplan, chief of the AG’s Insurance and Financial Services Division.

From Washington Times

Minimum loss ratio — This tenet of the ACA protects consumers by putting a limit on insurers’ profit and overhead.

From Seattle Times